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News (805)

Coinbase Bankruptcy Disclosure Born of Rules Change, Risk Remains Low, CEO Says

Coinbase's recent disclosure about what happens to cryptocurrency held by the company if it goes bankrupt was due to U.S. Securities and Exchange Commission rules, not because the company is expecting to file for bankruptcy protections, according to Founder and CEO Brian Armstrong. So reports Fortune.

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Dock Growth Round Pushes It To $1.5B Valuation

Brazil-based infrastructure fintech Dock raised $110 million in its latest funding round and now boasts a $1.5 billion valuation. So reports TechCrunch.

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Visa’s Top Fintech Guy Leaving to Lead DriveWealth

Terry Angelos, the global head of crypto and fintech at Visa, is taking a role as CEO of DriveWealth. So reports The Block Crypto.

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SEC Looking to Nearly Double Its Crypto Assets and Cyber Unit

The Securities and Exchange Commission is planning to hire more than a dozen cybercrime experts to combat a growing threat in the space. So reports CNN.

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NJEDA Soliciting Perspectives As It Considers Potential Fintech Center

The New Jersey Economic Development Authority is exploring the creation of a Fintech Innovation Center. So reports ROI-NJ.

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FinovateSpring Back for First West Coast In-person Event Since 2019

Informa Connect’s FinovateSpring will take place Wednesday, May 18, in-person at the Hilton San Francisco Union Square Hotel. So reports Yahoo! Finance.

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AI & Economics: Public-private Partnership Aimed at Forging Sustainable Path

The intersection of finance, artificial intelligence and the responsible development of both was among the chief concerns raised during a joint-venture, public-private symposium hosted recently in Washington, D.C.

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BlackRock Launches Crypto ETF Heavily Featuring Coinbase, BTC Miners

The world’s leading asset manager, BlackRock, officially launched its new, blockchain-focused ETF to provide investors with “exposure to the crypto and blockchain industry without needing to directly own digital assets.” So reports Cointelegraph.

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Teen-based Copper Enjoys Rapid Growth, $29M Series A Round

Teen-driven digital banking platform Copper hauled in $29 million in a Series A round. The so-called “preemptive” round was spearheaded by Fiat Ventures. So reports TechCrunch.

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Snowden Outed As Sixth Man in Zcash 'Ceremony'

Ex-National Security Agency consultant and well-known whistleblower Edward Snowden has been revealed as the pseudonymous John Dobbertin, who is one of six individuals credited with creating Zcash. So reports Yahoo! Finance.

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